Multifamily Construction Lifts Total Housing Starts in October
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Housing Starts and Building Permits for October 2007 |
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DATE |
CURRENT |
LAST |
% Change |
Download Starts and Permits |
|
Starts |
11/20/2007 |
|
|
1.193M |
+ 3.0% |
|
|
Permits |
|
|
|
1.261M |
- 6.6% |
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Housing starts totaled 1.229 million units, seasonally adjusted, in October, 3 percent above September’s pace but 16 percent below the same period one year earlier. Multifamily output soared 44 percent in October to an annual rate of 345,000, following a weak September performance, while single-family starts continued to decline, falling 7 percent from September to 884,000. Total permits fell 7 percent in October 1.178 million with both the single and multifamily sectors contributing to the overall decline.
NAHB related press release: "Builder Confidence Remains Unchanged in November"
Read additional information and download data (Excel) for Housing Starts & Permits.
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